Palmerbet Bookmaker Review
Palmerbet Bookmaker Australian Owned And Operated
Selecting an online bookmaker is challenging in the regard that there are a lot of choices, with all the bookmakers claiming superiority over all the others. Join Palmerbet Here to claim your Bonus Bet $250
For anyone trying to select their first online bookmaker, it is easy to be lured by bookmakers’ new member promotions that offer some seemingly great incentives, only to discover further into the process that the free bets and deposit matching offers are not available to 98 percent of the population because of state of residency restrictions.
If these types of offers are attractive to you, the first thing to determine is which states are within the licensing jurisdiction of the bookmaker. A $1000 bonus is worse than worthless if you live in an excluded state.
It is not uncommon to examine the small print of a bonus offer and find that residents of NSW, QLD, SA and WA residents are not eligible for the bonus. Bottom line: It pays to learn in which state the bookmaker is licensed and which states are included in new member bonuses.
There is a complex labyrinth of regulations that will require a bit of diligence to decipher. Of course, there are other considerations in the bookmaker selection process, and we think those are at least equally important to eligibility or lack thereof pertaining to new client offers.
Here are some details regarding one of the newer online bookmakers, Palmerbet.
Palmerbet is licensed by New South Wales and is based at Canterbury racecourse. They have physical locations available at all of the Sydney metro tracks.
Their new member bonus is something of a rarity, as it is available to residents of Queensland, where a decent percentage of the population is located. For reasons that require a solicitor or a politician to understand, people living in New South Wales can have a punting account with Palmerbet, but they cannot collect on the new member bonus. In addition to QLD, residents of NT, TAS, and ACT can also get the sign-up bonus, typically an offer to refund the value of a first bet, up to $200, if that bet does not produce a winner.
All that aside and out of the way, here are some good reasons for giving Palmerbet closer consideration.
1. Accept Entirely Adequate Number Of Account Funding Options
Visa, MasterCard, bank transfer, BPAY and POLi are the current options. Bank transfer is, for the moment, the only withdrawal option. Palmerbet does not have any fees associated with the deposit or withdrawal options, however, it is possible that the client bank might want to take a bite out of the winnings, so that will require some investigation. Non-Australian residents are subject to a $15.00 fee on withdrawals of less than $100.00.
2. Almost Ludicrously Low Minimum Deposit Requirements
Not the absolute lowest, but if Palmerbet’s minimums raise an issue, an activity other than punting might be a better alternative.
Credit cards and POLi funding requires only $10. BPay is $25. Again, bank deposits might incur some bank-initiated fees.
3. Low Minimum Wagers
It is only $1.00 for an online wager and $10.00 for phone wagers. Only live (in-play) wagering requires punters to call in. Wagers above $1.00 online and $10.00 via phone can be made in $0.50 increments.
4. Generous Maximum Payouts
Thoroughbred racing punters can win up to $30,000 on Palmerbet’s Best Tote and SP bet types. For other bet types, the maximum is $100,000 for races held at metro tracks and $50,000 on the bush tracks. Harness and Greyhound races max out at $25,000 for the dividend and winning combinations.
Sports punters apparently do not have any limit on payouts whatsoever.
5. Reasonable Turnover Requirements
Palmerbet specifies only 1x turnover on deposited funds and 2x at odds of 1.80 or greater on bonus funds. If you want to bet short favourites, such as Hawthorn versus St. Kilda, use your deposited funds to back the Hawks and your bonus funds if you want to take the Saints.
6. Zero Dormant Account Fees
This seems as though it should be a given, but some online bookmakers will debit wagering accounts if no punts are taken after six months in some cases or a year in others. Plamerbet’s zero dormant account fee is simply one less detail to ponder.
7. Respectable Margin
Whilst the occasional punter will realize appeal from the lack of dormant account fees, the more active will appreciate that Palmerbet’s bookmaker margin is no worse than average, just a bit below, in fact. Those who pay attention will observe the margins improving in their favour closer to the end of the week.
It almost sounds counterintuitive, but one of the ultimate considerations to selecting an online bookmaker comes down to the quality of their wagering platforms.
Punters who come to Palmerbet as an adjunct to existing accounts with other online bookmakers will find the familiar three-column layout easy to navigate without requiring a steep learning curve. Clicking on a market adds it to the betting slip. It is easy to find markets with the uncomplicated interface on the left column.
The centre column shows odds in a well-designed format and multi bets involving soon-to-jump markets are very efficiently organized. Pending bets are displayed in the upper right-hand corner. Clicking on the displayed number can expand or collapse the list. There is a mobile version of the website that is equally as functional, so Android tablet and phone users will find smaller screens accommodated. As of the current time, in the latter part of 2015, there is no mobile app for Android, but that statement could be obsolete by the time you finish reading this sentence. Punters using iPhone and iPad devices will find a proficient mobile app.
Palmerbet currently offers nine racing products, including options for the popular Best of the Best, Best Tote and Best of Two, so punters need not be concerned about ferreting out the top dividends.
Sports markets are complete and wide-ranging. All the mainstream Australian sports are represented with plenty of markets. U.S. sports are integrated, as well.
To conclude, Palmerbet might be relatively new, but they have crafted an online wagering offering that lacks little. They would serve more than adequately as a one-stop option, or they could be part of a quiver of online bookmakers. One particularly attractive option is the inclusion of QLD in their bonus programs.